Mining

Snowden has become the latest Perth-founded mining service to change ownership after being purchased by Datamine, a subsidiary of Canadian company Vela Software.

Shares in King River Resources rose 20 per cent today after the Western Australian company said it would begin exploration activities next month, following COVID-induced delays.

Gibb River Diamonds is set to acquire its first gold asset after securing the option to buy Nexus Minerals’ high-grade Edjudina gold project in the Eastern Goldfields.

Black Cat Syndicate has launched a $10 million share placement, with three other Western Australian-based explorers also seeking funds to progress their gold and copper projects.

Rare earths miner Lynas Corporation has moved ahead with the development of its Kalgoorlie processing plant after signing a $21.6 million contract with Metso Outotec.

A $5.1 million capital raising by Alto Metals has been delayed after its bidder Habrok Mining submitted an application to the Takeovers Panel.

GR Engineering Services has won an $11 million contract to restart a gold processing plant at Ora Banda Mining’s Davyhurst gold project.

Russian-owned Nordgold has increased its bid to acquire Cardinal Resources to around $347 million, which trumps a competing proposal from Shandong Gold that has already been endorsed by Cardinal.

Early work at Rio Tinto’s planned Winu copper mine could start before March next year, with the company submitting papers for federal environmental approvals today.

Philanthropist and experienced mining executive Kerry Harmanis has been appointed as non-executive chairman of gold explorer Talisman Mining, sending the company's shares up by nearly 14 per cent.

The mining giant has snapped up Russian giant Norilsk’s nickel assets as it looks to bolster its production of battery metals.

Saracen Mineral Holdings has confirmed the death of one of its underground miners following an incident at the Dervish gold mine in Western Australia.

Euroz subsidiary Westoz Funds Management has emerged as a strong critic of the proposed takeover of Zenith Energy, one day after Zenith revealed the scheme was at risk of failing.

Sydney-based explorers Gateway Mining and Navarre Minerals are raising a collective $15 million for gold projects through underwritten share placements with Western Australian brokers.

One of Western Australia’s largest gold mines has been forced to shut down after a safety incident involving one of Saracen Mineral Holdings’ underground miners.

Shares in Dacian Gold plunged as much as 22 per cent today after the company downgraded its production forecast for next fiscal year.

The directors of Alto Metals have recommended shareholders vote against a takeover bid from Habrok Mining, saying the offer was opportunistic and undervalued the company.

CIMIC Group’s mining services business has received a $2.5 billion contract extension with Jellinbah Group for work at the Lake Vermont coal mine in Queensland.

Whittens has won a $20 million sub-contract with Mondium for work at Rio Tinto’s Western Turner Syncline Phase 2 mine.

AustSino Resources Group will receive $100 million from an entity associated with its chairman to facilitate the company’s planned investment in Sundance Resources.

Rio Tinto is planning to shut down its New Zealand aluminium smelters after a strategic review found the business was no longer “economically viable”.

The long-awaited Southdown Magnetite project, near Albany, has achieved a win after obtaining federal environmental approval, but securing funding is a challenge.

Pilbara Ports Authority achieved record throughput in the 2020 fiscal year, increasing exports to 717 million tonnes.

Veris subsidiary Aqura Technologies has signed $2.2 million in contracts including with BHP, which will use the company’s communications service across its Pilbara mine sites.

Bellevue Gold says it will use the proceeds from a $120 million capital raising to fast-track the development of its namesake project in Western Australia.

Antipa Minerals has secured its third farm-in deal, with IGO to invest up to $30 million to explore the company’s tenements in the Paterson copper-gold province.

Nickel miner IGO has reported solid production for the financial year, including its Nova mine in Western Australia having exceeded guidance for all metals produced.

Alumina Limited says its joint venture with aluminium giant Alcoa has been assessed $212 million in back taxes over historical alumina sales to a government-operated aluminium plant in Bahrain.

Super Pit owners Saracen and Northern Star have reported positive gold production for the June quarter, with Saracen reaching record output for the financial year.

Bardoc Gold will use $24 million raised from a share placement to advance its namesake project in Western Australia, while Galena Mining, DevEx Resources and Matador Mining have also launched capital raisings.

Zenith Minerals and Marquee Resources have both launched capital raisings today, while Bellevue Gold announced a maiden indicated resource for its namesake gold project in Western Australia.

Mining technology company Imdex has boosted its rock knowledge capability after completing the purchase of AusSpec International for a total consideration of $8.5 million.